Views
Address
329 S Bonnie Brae Street Los Angeles, CA
Price
$ 2,395,000
Property Attributes
  • MLS#21675058
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90057
  • Style
  • Price$ 2,395,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Alex Shin with Keller Williams Downtown LA.
Property Description

RTI 30-Unit Development site in one of the hottest up and coming Opportunity Zones of North Westlake, just south of Silverlake with views of Downtown Los Angeles and Koreatown skylines. Existing 4plex is deliverable VACANT at no cost to Buyer and NEVER before seen pricing of $80,000 per unit!! R4 zoning with a TOC III Density Bonus of 70% /w alleyway access and faces 4th St which provides a clear view of the World-Renowned Downtown Los Angeles Skyline. Plans call for a 6-story apartment with 3 dedicated low income units, rootftop access with views of Downtown, 1 level subterranean parking with 1 on-grade level parking. Once built and fully stabilized, subject property will command great demand given the location pulling in renters from Koreatown to the West, Silverlake to the North, USC to the South, and DTLA to the East. Great location to get grant money and low income credit to build low income affordable housing.

Price History
1/4/2021 Listed $2,395,000

General Features

Directions Located between Koreatown and Downtown Los Angeles, in the renter-heavy Westlake neighborhood, subject property is between Wilshire Blvd and 3rd St
Listagentaor Beverly Hills/Greater LA
Listing Agent Alex Shin - BRE#02106720
Listing Agent State License 02106720
MLS Area C42 - Downtown L.A.
Price Per Square Foot 318.78
Source System CRMLS
Special Listing Conditions Standard
View City Lights
Zoning LAR4

Exterior Features

Lot Size Acres 0.1700
Lot Size Area 7513.0000
Lot Size Source Assessor
Lot Size Square Feet 7513.00
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90057

Price
AVG $2.47M
$2.4M
Visits
AVG 18
7
Walkscore
AVG 90
91
Data Provided by Walkscore ® not using MLS data

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